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81. 7 points The following information is for employee Ella Dodd for the week ended March 15. Total hours worked: 48 Rate: $15 per hour,
81. 7 points The following information is for employee Ella Dodd for the week ended March 15. Total hours worked: 48 Rate: $15 per hour, with double time for all hours in excess of 40 Federal income tax withheld: $200 United Fund deduction: $50 Cumulative earnings prior to current week: $6,400 Tax rates: Social security: 6% on maximum earnings of $100,000. Medicare tax: 1.5% on all earnings. State unemployment: 3.4% on maximum earnings of $7,000; on employer Federal unemployment: 0.8% on maximum earnings of $7,000, on employer (a) (b) Determine (1) total earnings, (2) total deductions, and (3) cash paid. Determine each of the employer's payroll taxes related to the earnings of Ella Dodd for the week ended March 15. 82. 13 points After discontinuing the ordinary business operations and closing the accounts on May 7, the ledger of the partnership of Anna, Brian, and Cole indicated the following: $ 7,500 105,000 Cash Noncash Assets Liabilities Anna, Capital Brian, Capital Cole, Capital $ 27,500 45,000 15,000 25.000 $112.500 $112,500 The partners share net income and losses the ratio of 3:2:1. Between May 7-30, the noncash assets were sold for $150,000, the liabilities were paid, and the remaining cash was distributed to the partners. (a) Prepare a statement of partnership liquidation
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